On the recordFebruary 23, 2009
We need to be careful to make sure we are not going to contribute to the very outcome we are trying to avoid.
Source
congress.govWe need to be careful to make sure we are not going to contribute to the very outcome we are trying to avoid.
Dodd warns against actions that could lead to undesirable outcomes in bank management.
Share
More from Chris Dodd
President Clinton, to his eternal credit in my view, just does not quit on this issue.
The truth is that the catastrophe was years in the making caused by regulatory negligence and Wall Street gambling.
But, whether such a temptation is motivated by a noble desire to speed up the legislative process or by pure political expedience, I believe such changes would be unwise. To my fellow Senators who have never served a day in the minority, I…
In fact, it was the uncertainty inherent in a nontransparent and reckless financial system that made Dodd-Frank necessary in the first place.